Danantara Shifts Into Deployment Era With $12 Billion War Chest
Indonesian sovereign wealth fund Danantara is ramping up deployment of about USD 12 billion and preparing to tap global debt markets as it shifts from start-up mode to large-scale investing, Bloomberg reported, citing its chief investment officer.
The fund is preparing a roughly IDR 20 trillion (USD 1.2 billion) offering of so-called patriot bonds in Indonesia that will be “coming soon” and could be followed by further sales, Pandu Sjahrir said. A global bond sale is also being targeted.
Grab-GoTo Deal Hits Snag Caused by State-Backed Holder’s Stake
Negotiations over the deal have snagged over Indonesian wireless carrier Telkomsel’s roughly 2% stake in GoTo, Bloomberg reported. The carrier – majority-owned by state-controlled Telkom Indonesia – has indicated it’s unwilling to sell at anywhere near current valuations because it originally invested at a much higher price.
Telkomsel has expressed its concerns about losses linked to state capital – something that’s punishable by Indonesian law, according to Bloomberg.
Indonesia Loan Growth Cooled in 2025 as 12% Target Looks Tough: UOB Kay Hian
Indonesia’s banking sector enters 2026 in “a more stable position” with improving liquidity and easing funding costs, although micro and SME loans may still weigh on credit growth, Asian Banking & Finance reported, citing a report by UOB Kay Hian.
Indonesia’s Merdeka Gold Is Said to Hire Banks for Hong Kong Listing
Indonesian miner Merdeka Gold Resources has hired investment banks to work on its listing in Hong Kong, as gold prices are scaling fresh heights, Bloomberg reported. The company, a unit of Merdeka Copper Gold that went public in Jakarta in 2025, is working with Citic Securities, Morgan Stanley and UBS Group on the share sale.